Ann: Half Year Financial Report Dec 23, page-7

Regarding the KBC loan

"The terms of the agreement, designed to align with Metgasco's funding needs for these projects, include specifics on the interest rates, repayment schedule, and conditions that dictate the use of the funds to ensure the efficient progression of the Vali and Odin developments. Despite these arrangements, it was later identified that Keybridge Capital had not fulfilled their financial commitment of $1.56 million under the agreed terms. This development prompted Metgasco to actively seek alternative funding solutions to mitigate any potential impact on the project timelines".

Whilst further down

"The Directors review of cash flow forecasts, confirm that the going concern basis of accounting remains appropriate but acknowledges that additional funding and or cash inflows from gas sales is required to enable the Group to fund its operations and meet its short term commitments for the twelve month period from the date of this financial report. The Directors believe that the additional funding may be derived from one or more of the following: (i) generating a cash inflow through the sale and/or pre-sale of gas; (ii) a debt facility (iii) option to sell an interest in certain group assets; (iii) raising capital initiatives; or (iv) a combination of the above".

Some type of funding (or cap raise) surely imminient and must have some commitments due soon for exploration/development?